Oracle Revenue Management and Billing 2 Implementation Essentials : 1z1-322

Oracle 1z1-322 Actual PDF
  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Aug 30, 2025
  • Q & A: 79 Questions and Answers
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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. What happens when the source of Financial Transaction is canceled?

A) The source Financial Transaction status is changed to canceled.
B) A new reversal Financial Transaction is created.
C) The source Financial Transaction is deleted and a new reversal Financial Transaction is created.
D) The source Financial Transaction status is changed to canceled and a new reversal Financial Transaction is created.
E) The source Financial Transaction is deleted.


2. How can Account-level information be restricted to a user?

A) setting up Customer Class
B) through Data Masking
C) setting up Account Management Groups
D) setting up Account Relationship Codes
E) setting up Account Access Groups and Data Access Roles


3. When is a recurring Billable Charge required to be created?

A) once a month
B) only when a new member is added to the group
C) depends on the bill cycle
D) every time a group is billed


4. Which statement is correct about Phantom Bundles?

A) The ratio of product quantities is used to determine the rate for volume-based pricing.
B) Pricing is defined at the Bundle level.
C) Pricing is not defined at the Bundle level.
D) For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.
E) The ratio of product quantities is used to determine the total quantity for discount purposes.


5. What can cause a Bill Segment to have multiple Bill Calculation Headers?

A) Proration at Rate Component Level
B) Multiple Billable Charges associated to one Contract
C) Proration at Bill Factor level
D) Multiple Contrasts being covered by a Bill Segment
E) Multiple Rate Versions


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: E
Question # 5
Answer: E

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